Financial
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Urban One notifies hundreds of data breach that compromised SSNs, tax and financial info
US media conglomerate Urban One this week confirmed it notified hundreds of people about a February 2025 data breach that compromised names, Social Security numbers, direct deposit info, W-2 information, and home addresses. Ransomware gang Cactus claimed responsibility for the breach on March 12, 2025, saying it stole 2.5 TB of data from Urban One. To prove its claim, Cactus…
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Texas State Bar data breach leaks SSNs and financial info; ransomware gang claims responsibility
The State Bar of Texas this week confirmed it notified 2,700 Texans about a January 2025 data breach that compromised the following info: Names Social Security numbers Financial account info including account numbers, credit and debit card numbers Driver’s licenses or other government-issued ID Medical info Health insurance info “[…] the State Bar determined that there was unauthorized access to…
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Financial services firms look to AI to improve resilience
The financial services sector is ramping up AI adoption to bolster resilience in the wake of a spate of major IT outages, new research suggests. According to PagerDuty’s 2025 State of Digital Operations report, four-in-ten (38%) financial services companies believe that generative AI can improve operational efficiency and help improve their IT service performance. When it comes to outages and…
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Alabama credit union warns customers of data breach that leaked SSNs, financial info
Heritage South Credit Union in Alabama this week confirmed it notified an undisclosed number of people about a February 2025 data breach that compromised Social Security numbers and financial account info. Ransomware gang Embargo claimed responsibility for the breach on February 14, 2025, saying it stole 300 GB of data from Heritage South. The group says it stole debit card…
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Productivity gains, strong financial returns, but no job losses – three things investors want from generative AI
Investors are making it clear what they want from generative AI: solid financial and productivity returns, but no job cuts. That’s according to a survey of AI investors by PwC, which found three-quarters of respondents believed generative AI would be beneficial for the companies they’ve backed. And six-in-ten investors polled said they expect not only revenue growth but also increased…
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Russia warns financial sector of major IT service provider hack
Russia’s National Coordination Center for Computer Incidents (NKTsKI) is warning organizations in the country’s credit and financial sector about a breach at LANIT, a major Russian IT service and software provider. According to the bulletin, which was also published on the website of GosSOPKA (State System for Detection, Prevention, and Elimination of Consequences of Computer Attacks), the attack took place on…
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Detroit PBS notifies 1,700 of data breach that compromised SSNs, passwords, financial and medical info
Detroit PBS over the weekend confirmed it notified 1,694 people about an August 2024 data breach that compromised the following private info: Names Social Security numbers Passwords and usernames Medical info Health insurance info Addresses Employer ID numbers Driver’s license numbers The public broadcaster says unauthorized users accessed its systems between August 12 and August 31, 2024. Ransomware gang Qilin…
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Enterprises are doubling down on IT cost optimization strategies – and it’s delivering huge financial returns
Organizations that have cracked IT cost optimization and innovation reap the rewards both financially and in terms of time to market, according to new research from SoftwareOne. They are twice as likely as the rest of the pack to see an improved return on investment, researchers found. A third reported higher profitability, compared with 23% of other organizations, and 43%…
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San Antonio doctors notify 2,000 patients of data breach that compromised SSNs, financial and medical info
Consultants in Pain Medicine yesterday confirmed it notified 2,062 Texans about a June 2024 data breach that compromised the following patient info: Names Social Security numbers Dates of Birth Driver’s license or other state-issued ID number Financial account into Passport numbers Medical info Health insurance policy info Ransomware gang Inc claimed responsibility for the attack in August 2024. To prove…
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Cloud spending soars in financial services – but it’s not all plane sailing for another key European industry
The banking industry is ramping up cloud spending more than any other sector, according to new research, but other major sectors appear to be easing off the pedal. Analysis from IDC shows public cloud spending in Europe will hit a total of $221 billion this year and is expected to reach $373 billion by 2028 – marking a five-year compound…
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